Value-based care (VBC) is a healthcare delivery model that differs from traditional fee-for-service because rather than compensating providers based on the number of services provided, it ties the amount providers earn to the results they deliver for their patients. The quality of these healthcare services is measured by patient outcomes that are based on metrics such as rate of hospital readmission, timeliness of care, and overall patient satisfaction. This VBC model holds providers
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Health IT | News, Analysis, Insights - HIT Consultant
How AI Can Deliver Benefits in Healthcare Manufacturing and Patient Device Usage
According to Grand View Research, the global artificial intelligence (AI) in healthcare market size was valued at USD 15.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2023 to 2030, to reach an estimated USD 208.2 billion. That’s an impressive growth rate, indicating the expected value delivery to a mostly early-phase adoption of AI in the healthcare marketplace. With such aggressive predicted growth, many health industry professionals may ask
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How to Improve Patient Confidence When Rolling Out New Medical Technology
A staggering 55 percent of patients have lost trust in a healthcare provider after a negative experience. Sometimes, that trust is broken during interactions with a medical device or digital therapeutic.
Maybe a patient’s diabetes management app uses overly clinical language, or perhaps it doesn’t walk them through every app feature. For many patients, it’s clear that new medical technology (or medtech) isn’t effectively providing the experience needed to improve their medical
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NIH Launches $6M TARGETED Genome Editor Delivery Challenge
What You Should Know:
The United States National Institutes of Health (NIH) today announced the launch of the TARGETED (Targeted Genome Editor Delivery) Challenge.The multi-phase challenge will award up to $6M in prize money to support NIH’s Somatic Cell Genome Editing (SCGE) commitment to developing targeted delivery systems to deliver genome editors to somatic (non-reproductive) cells of the body. The first phase of the TARGETED Challenge is open to all
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KLAS: Capacity Optimization Management Performance 2023
What You Should Know:
Operational limitations—such as staffing shortages, variable patient flow, and poor visibility into resource availability—can make it difficult for healthcare organizations to effectively manage their capacity, leading to volatile workloads that see resources either under- or over-utilized. Some organizations are using capacity optimization management technology, which includes artificial intelligence (AI) and machine learning (ML), to collect data that can improve
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21 Ontario Hospitals Launches Health Information Exchange, Powered by Oracle
What You Should Know:
A group of 21 Ontario-based hospitals and facilities launches Ontario eHub Health Information Exchange (HIE) powered by Oracle Health. The Ontario eHub can help these healthcare organizations share patient data more easily and securely, reducing administrative overhead, and facilitating improved care coordination for patients. Oracle Health is teaming with TransForm Shared Service Organization to manage the project.The initial roll-out integrates 16
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How Healthcare Providers Can Bolster Cybersecurity Defenses and Protect Patient Data
In IBM’s 2022 Cost of a Data Breach report, the company revealed that the global average cost of a data breach was $4.35 million. In the healthcare sector, however, that number skyrocketed to $10.1 million. Why is an attack on a healthcare organization so much more costly? While part of this comes down to the fact that healthcare organizations often have big budgets, and so might be able to pay big ransoms, the biggest part of the answer is consequences. In there, real lives are at stake. Downed
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M&A: LifeNet Health Acquires Bioventus Wound Care Division
What You Should Know:
LifeNet Health expands its portfolio of wound care solutions such as TheraSkin with the acquisition of the Bioventus Inc. wound care division.As part of the acquisition, LifeNet Health gains 90 Bioventus Inc. employees that will strengthen LifeNet Health's position as a global leader in regenerative medicine offering next-level wound care.Financia details of the acquisition were not disclosed.
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Get Well to Roll Out New Social Determinants of Health Screening Solution Nationwide
What You Should Know:
Get Well, a global leader in digital patient engagement, today announced it has expanded its industry-leading digital patient engagement portfolio to include new social determinants of health (SDOH) screening solutions.The new solution will be available to more than 200 enterprise healthcare organizations nationwide that are using GetWell Inpatient, an interactive patient care and hospital experience management product, at no additional cost.
Enabling Enterprise
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Luma Health Integrates with MEDITECH Expanse EHR
What You Should Know:
Luma Health unveiled its integration and partnership with one of the healthcare industry’s top electronic health record providers, MEDITECH, which brings powerful new capabilities to the thousands of healthcare providers that use the MEDITECH Expanse EHR. As an initial member of the MEDITECH Alliance program and currently the only patient-facing vendor included in the program, Luma collaborated with MEDITECH to validate the integration of its Patient Success Platform™
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